Kevin_in_GA
4,599 posts
msg #104458
- Ignore Kevin_in_GA
modified |
1/17/2012 2:22:40 PM
Ok. To ensure I understood what to do and importantly when here is my summary:
1) Ran Kevin's filter today morning:
2) Picked those which had a % of gaps filled over 0.65
3) Got ELGX, RUE, SNBC, RYL, and NKTR
4) Set limit price for each with my broker
5) All of them triggered
+++++++++++++++
NO - run the filter OVER THE WEEKEND. Only look at stocks where gapdown is greater than 5 over the last 80 weeks, and pct_gapfill is 0.7 or higher.
You should have had NWY on that list - currently up about 6% from the open today.
Set up a watchlist on Yahoo or Google finance. Even better if you have a real-time quote service. On Monday, look for stocks that gap down 2% or more. These are the BUY stocks.
I would not advocate setting up limit order on every possible candidate. Rather I would look and see if those which gapped down are still at or below the open price, and set a limit order then at whatever makes sense (maybe 1 cent below the open).
The set a profit stop at the previous Friday close.
Done.
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mahkoh
1,065 posts
msg #104459
- Ignore mahkoh |
1/17/2012 2:32:57 PM
mahkoh
131 posts
msg #104451
- Edit message 1/17/2012 12:05:11 PM
NWY had gapfill statistics of 0.62. I thought you only considered above 0.69?
Kevin_in_GA
2,156 posts
msg #104453
- Ignore Kevin_in_GA 1/17/2012 12:33:02 PM
look back to last friday's close - the stats were 0.71. This is why one needs to run the screener each weekend.
**************
Indeed I checked the filter stats for today. But I also found out what went wrong: I fed Friday's results into Garsworld's Powerscan, but that does not consider stocks with an average volume below 400K. Therefore it did not trigger NWY.
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mahkoh
1,065 posts
msg #104460
- Ignore mahkoh |
1/17/2012 2:37:05 PM
And on the short end of the filter, KEG just filled it's 4.32 % gap up. That leaves SWC, FUL and MAKO. (and possible other candidates with avg volume below 400K)
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Kevin_in_GA
4,599 posts
msg #104461
- Ignore Kevin_in_GA |
1/17/2012 2:42:07 PM
Caution - I did not post a short version of the revised filter. The reason - none of the optimized systems were profitable over the 11 year test period.
Trade that approach at your own risk.
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sohailmithani
192 posts
msg #104464
- Ignore sohailmithani |
1/17/2012 3:33:12 PM
Kevin I do not see NWY on the list when I run the filter with date offset to Friday. Would you know why?
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mahkoh
1,065 posts
msg #104465
- Ignore mahkoh
modified |
1/17/2012 3:40:05 PM
I looked back a couple of months using the mirror version of the adjusted filter posted on page 3, and actually results looked better than the long version. There were however a couple of stocks that went up 50 to 60 % during the week drawing down overall results. I would be using a stoploss when trading the short version.
MAKO is now 5 cts from filling its 3.79 %gapup
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mahkoh
1,065 posts
msg #104486
- Ignore mahkoh |
1/18/2012 1:28:59 PM
Kevin, from your backtest from sept 13 2011 until jan 13 2012
Trade Statistics
There were 11 total stocks entered. Of those, 11 or 100.00% were complete and or 0.00% were open.
Of the 11 completed trades, 9 trades or 81.82% resulted in a net gain.
If I run the filter on the bottom of page 3 it has already over 11 trades after looking back 4 Fridays. Can you figure out where this difference comes from?
btw, MAKO filled the weekly gap up today in the unauthorized short version of the filter.
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BarTune1
441 posts
msg #104505
- Ignore BarTune1 |
1/18/2012 9:58:59 PM
You still "steering the sheeple" Kevin?
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Kevin_in_GA
4,599 posts
msg #104506
- Ignore Kevin_in_GA |
1/18/2012 10:02:33 PM
Glad to have you back, buddy!
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BarTune1
441 posts
msg #104516
- Ignore BarTune1 |
1/19/2012 9:03:20 AM
I may not be back long Kevin, have to go to Edmonton on Monday .... its been like -39 there ....
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